Destiny Towers Inc

Analysis

Destiny Towers Inc is a registered charity in United States, based in Kansas City, MO. It received its IRS tax-exemption ruling in February 2009, 17 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Destiny Towers Inc reported income of $464k and spending of $668k, spending 144% of what it took in. The sharpest change came in the year to December 2022, when income rose by 16%. Over the whole period it spent 239% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Destiny Towers Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 67th percentile within MO. Charities of a similar size with the same main cause include Henry B and Etta Stokes Child Development Center ($464k), CCMH Child Care Center ($464k) and East Cleveland Neighborhood Center Inc ($464k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 92% of the total. Other salaries and wages came to $105k. At year end it held assets of $3.5m against liabilities of $5.1m, net assets of -$1.6m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.